Spot market is the market where:

only current transactions are handled

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forward rate of exchange is determined

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instant rate of exchange is determined

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both (a) and (c)

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Solution

The correct option is D
both (a) and (c)

Spot market looks at current account transactions at the instant rate of exchange.

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Similar questions

(a) What is foreign exchange rate?

(b) How it is determined under fixed and flexible exchange rate system?

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